Overview
- Prosecutors told the court that the motion does not show the original trial was unfair or that any new evidence would meaningfully change the outcome.
- Bankman-Fried’s February filing under Rule 33 claimed newly available testimony from former FTX executives could undercut the government’s account of FTX’s finances.
- The defense asserts FTX suffered a temporary liquidity crunch rather than insolvency, a characterization prosecutors say is neither new nor material.
- The government’s response points to extensive trial testimony and documents indicating billions in misappropriated customer funds.
- Bankman-Fried was convicted in 2023 of fraud and conspiracy and is serving a 25-year sentence as post-trial challenges continue.